ARMENIAN ARMROSGASPROM TO BE READY TO EXPORT ELECTRIC POWER UPON LAUNCHING 5TH UNIT OF HRAZDAN THERMAL PLANT

ARKA
Oct 20, 2009

YEREVAN, October 20. /ARKA/. Armenian ArmRosgasprom will be ready
to start exporting electric power immediately after launching the
fifth unit of Hrazdan Thermal Plant in July 2010, Karen Karapetyan,
ArmRosgazprom’s director general and board chairman, said Tuesday
answering ARKA News Agency’s question.

The fifth unit belonging to ArmRosgazprom will add 480 megawatt to
Armenia’s thermal capacity.

Karapetyan said the company has preliminary export agreements, but
refrained from indicating particular countries and volumes.

He said that this would be announced soon.

"Armenia’s all neighbors suffer an electric power shortage, while
Armenia has sufficient capacity for generating and exporting electric
energy."

He said that Armenia can export total of 6 billion and more
kilowatt/hours a year to Georgia, Turkey and Iran.

ArmRosgazprom CJSC enjoys the sole right for importing and distributing
Russia gas in Armenia.

Russia conveys its gas to Armenia through Georgia’s territory

The company was established in 1997.

Russian Gazprom holds 80% of the company’s shares, and the remaining
20% belong to Armenian government.